The arrival of a single official house price index comes one step closer later this month with a so-called ‘user event’ organised by the Office for National Statistics ahead of the launch of the index itself in June.
Over the past 18 months we have reported on the progress of the new index.
Back in December 2010 the National Statistician recommended that ”a single definitive house price index and accompanying statistics should be produced by the official statistics producer community” and should be based on completion prices, should give a UK-wide picture, and be updated monthly.